RE/MAX Global eyes revenue growth of Rs. 10,000 Cr by 2020

ANI | Updated: Apr 12, 2018 22:32 IST

New Delhi [India], Apr. 12 (ANI): Multi-billion dollar real estate networks and lifestyle company, RE/MAX India in association with Franchise India - Asia's largest franchising company on Thursday announced the launch of 100 offices in the country while envisioning a growth of Rs. 10,000 crores by 2020.

RE/MAX has opened offices in various cities including tier one as well as tier two and three cities.

"RE/MAX has been a big brand globally and RE/MAX India is one of its very strong arms witnessing steady growth in terms of broker offices, partners and value. We are hoping to rope in a total transaction value of about Rs. 10,000 crores in the next two fiscals," said Shawna Gilbert, vice president, global development, RE/MAX Global.

"India poses an incredible opportunity with affordable housing and increased consumer demand; I believe with the changes and reforms that the Indian government is bringing in, there is a huge scope in the times to come," Gilbert added.

"We are thrilled to announce 100 offices in India. With these offices, we aspire to rope in a market size of about USD 1.53 billion by 2020," said Gaurav Marya, chairman, Franchise India.

"We further hope to grow this to a double of 200 offices by end of this year. We are the largest Indian company with over 300 agents currently which we will augment to another 400 by FY 2018-19. We have seen phenomenal growth over the years and are sure to gather momentum for this target," Marya added.

The company had recently launched 'RE/MAX Collection', a luxury segment that would offer comprehensive commercial, residential, renting and leasing services specialising in strategic asset management and positioning in the Telangana / Andhra Pradesh region. (ANI)

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